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Tuesday, 8 September 2026Subscribe

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Business

Pakistan commerce minister meets Saudi envoy ahead of industrialists’ visit to Riyadh

President Dr Arif Alvi calls for creating employment opportunities for differently-abled persons

IMF downgrades Pakistan’s 2024 growth estimate to 2pc

KSE-100 Index Registers a Decline of More Than 1,100 Points

KSE-100 decreases over 900 points amid political volatility

MPCL

Mari Petroleum reports profit of Rs37.51bn in 1HFY24

State Bank of Pakistan’s (SBP) Monetary Policy Committee Monday announced maintaining the status quo, leaving the key policy rate unchanged at 22%. The MPC's decision to maintain the key policy rate — for the fifth time in a row — is in line with market expectations as high inflation persists due to the rise in energy prices. In a concerning update, SBP Governor Jameel Ahmad stated during a press conference in Karachi that inflation remains elevated, necessitating an upward revision of the annual target to 23-25%. The decision to keep the rate status quo is the last under the caretaker government before the country's general election next month. It also comes in the midst of Pakistan's $3 billion Standby Arrangement (SBA) with the International Monetary Fund (IMF).

SBP maintains interest rate at 22%

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